Is it a cup and handle ?
It's either a yes or no?
What is your opinion?
I did go to Investopedia , *before* I posted.
A two week C & H, AS POSTED, does not fit the minimum 7 week time frame ( per investopedia ) , a difference of 350%.
Check Bill O'Neil of IBD for his thoughts on C&H
I also used a line chart and a mountain chart. Both make the cup bottom look different.
What do you see as the "expected" up price movement?
Do you see more than a 2 cent up move?
**As for the .06 - .18 move; did T.A. predict that ?**
I was watching that day and can tell you that there was a "bear raid" that started at 3:00 PM and ended at 3:30 PM.
Why???
At .18 warrants could be exercised.
**Exercised warrants = money going to the company.**
I don't remember how many warrants could have been exercised. I think it was $ 2M worth ( The correct amounts are in a 10K) .
About 5 weeks later the company was forced to raise funds by selling shares at .12.
Who benefited ??
*Not shareholders*, it cost 50% more per share to raise an equal amount of money.
You are free to post as am I .
Having different points of view is OK.
**I am in no way interfering with what you post or how you trade.**
IMO: Without any further news ; the current price may decline.Should be interesting to see Mondays close.
BTW: There are trading platforms/software that can go back in time and replay each and every trade , including time , price & volume.NOT exchange, UP to 4PM.
ALSO: Often , several times a week there is a last/close of day trade at 4:02:01 by Amex.
That last trade is the only one viewed by many traders .
AND ; for me, this is a risk/reward investment. My risk is known and acceptable.
For me; Bio's are "feast or famine" with this one being being a good "risk/reward".
The reward is ; With FDA H&N approval ,treating just 31% of the 650,00 ANNUAL patients = 200,000 X $50,000 = $ 10 B per year in gross sales.
IMO: Using a 20 SMA shows short periods above the 20SMA, that would make this an in & out stock, without any long term tax advantages.
IMO:The P3 *may* actually ,already been completed.
****880,784,298.****
